How ready re you for the managerial accounting 2302 exam? Managerial accounting provides the information needed to fuel the decision-making process by managers. If you have some doubts on how well you remember the things you learnt before the exam, the quiz below is exactly what you need to refresh your memory. Do give it a shot and see how See moremuch more you actually remember. All the best and keep practicing.
External analyst services
Solvency
Profitability
Market prospects
Liquidity and efficiency
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Liquidity and Efficiency
Solvency
Profitability
Market Prospects
Creditworthiness
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Financial reporting, ratio analysis, vertical analysis
Ratio analysis, horizontal analysis, financial reporting
Horizontal analysis, vertical analysis, ratio analysis
Trend analysis, financial reporting, ratio analysis
Vertical analysis, political analysis, horizontal analysis
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87%
100%
115%
15%
13%
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Reveal changes in the relative importance of each financial statement item to a base amount
Do not empathize the relative importance
Compare financial statements over time
Show the dollar amount of change for financial statement items
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Managerial accounting is more focused on the organization as a whole and financial accounting is more focused on subdivisions of the organization
Managerial accounting never includes non monetary information
Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions
Managerial accounting is used extensively by investors, whereas financial accounting is only used by creditors
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Just-in-time manufacturing
GAAP constraints and guidelines
Total quality management
Continuous improvement
Customer orientation
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Continuous improvement
Customer orientation
Just-in-time manufacturing
Theory of constraints
Total quality management
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Identifiable as controllable
Traceable to the company as a whole
Does not change with the volume of activity
Traceable to a single cost object
Traceable to multiple cost objects
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Fixed versus Variable
Direct versus Indirect
Service versus Manufacturing
Product versus Period
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Period costs
Product costs
General costs
Administrative costs
Fixed costs
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Unspecified labor
Direct labor
Indirect labor
Basic labor
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Non-manufacturing costs
Prime costs
Factory overhead
Preproduction costs
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Payroll taxes on the wages of factory supervisors
Indirect labor
Depreciation of manufacturing equipment
Manufacturing supplies used
Direct materials
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